01:34 PM EST, 02/10/2025 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In corporate news, Hyatt Hotels ( H ) agreed to buy Playa Hotels & Resorts ( PLYA ) in a deal worth about $2.6 billion, including $900 million of debt, the companies said in separate statements Monday. Hyatt shares were down 0.8% and Playa rose 2.2%.